Ourpets (OPCO) 8-K/A Completion of Acquisition or Disposition of Assets

Exhibit 99.3

OurPet’s Company and Pet Zone Products Ltd.

PRO FORMA CONSOLIDATED BALANCE SHEETS

December 31, 2005

UNAUDITED

	OurPet’s Historical			Pet Zone Historical			Adjustments			Consolidated Pro Forma
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	6,477		$	36,040		$	(36,040	)A	$	6,477
Accounts receivable, net		930,772			253,014						1,183,786
Inventories		2,060,172			528,899						2,589,071
Prepaid expenses		98,964			11,490						110,454
Total current assets		3,096,385			829,443			(36,040	)		3,889,788
PROPERTY AND EQUIPMENT, NET		862,719			167,414			816,162	B		1,846,295
OTHER ASSETS		218,976			10,442			40,000	C		269,418
Total assets	$	4,178,080		$	1,007,299		$	820,122		$	6,005,501
LIABILITIES
CURRENT LIABILITIES
Notes payable - related parties	$	—		$	1,590,000		$	(1,590,000	)D	$	—
Notes payable		1,100,000						156,873	E		1,256,873
Current maturities of long-term debt		119,185			—			250,000	E		369,185
Capital lease - current portion		—			6,409						6,409
Accounts payable - related parties		—			110,615			(110,615	)F		—
Accounts payable - trade		867,612			281,035			58,125	E		1,206,772
Accrued expenses		150,687			57,165			(44,140	)F		163,712
Total current liabilities		2,237,484			2,045,224			(1,279,757	)		3,002,951
LONG-TERM DEBT		22,843			9,913						32,756
Total liabilities		2,260,327			2,055,137			(1,279,757	)		3,035,707
EQUITY
Common stock		2,925,751			—			1,052,041	G		3,977,792
Convertible preferred stock		602,679			—						602,679
Members contributions		—			5,125,749			(5,125,749	)H		—
Paid in capital		122,646									122,646
Accumulated deficit		(1,733,323	)		(6,173,587	)		6,173,587	H		(1,733,323	)
Total equity		1,917,753			(1,047,838	)		2,099,879			2,969,794
Total liabilities and equity	$	4,178,080		$	1,007,299		$	820,122		$	6,005,501
Book value per share	$	0.35								$	0.40

A Elimination of Pet Zone cash not acquired.

B Acquisition of Pet Zone fixed assets.

C Intellectual property of $40,000 acquired from Pet Zone.

D Elimination of amounts owed to Pet Zone partners not assumed by OurPet’s.

E Additional debt incurred for acquisition of Pet Zone.

F Elimination of Pet Zone payable not assumed by OurPet’s.

G Issuance of common stock for acquisition of Pet Zone.

H Elimination of Pet Zone equity.

OurPet’s Company and Pet Zone Products Ltd.

PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS

For the Year Ended December 31, 2005

UNAUDITED

	OurPets’ Historical		Pet Zone Historical			Adjustments			Consolidated Pro-Forma
Net revenue	$	6,566,407	$	2,814,347		$			$	9,380,754
Cost of goods sold		4,745,084		2,415,251			(213,376	)A		6,946,959
Gross profit on sales		1,821,323		399,096			213,376			2,433,795
Selling-general and adminstrative expenses		1,487,351		1,049,777						2,537,128
Income (loss) from operations		333,972		(650,681	)		213,376			(103,333	)
Other expense		1,331								1,331
Interest expense		78,403		82,335			(52,763	)B		107,975
Net income (loss)	$	254,238		(733,016	)		266,139		$	(212,639	)
WEIGHTED AVERAGE SHARES OUTSTANDING		11,930,298		n/a						15,012,298
EARNINGS PER COMMON SHARE	$	0.02							$	(0.01	)

Note: The statement assumes a transaction date of January 1, 2005.

A Net reduction of cost of goods sold due to acquisition (depreciation, inventory adjustments, and bad debts).

B Net reduction of interest expense due to acquisition.